Over-assessed vs. comparables

5151 674 Hwy

Wimauma, 33598 · Hillsborough County, Florida · commercial property · 1,679 sq ft · Fla. Stat. s.193.011(8)

$2,785estimated overpaid in property tax / year

This property's assessment sits above the comparable basis its tax bill should follow — a strong opening for an appeal.

What the public records show

Hillsborough public rollFlorida
Current assessment$524,900
What the comparable sales support$380,599
Estimated over-assessment$144,301 · 27.5%
Comparable basis$267/SF
Estimated tax saved / year$2,785

Straight from the public Florida roll. The estimated saving applies an estimated composite millage to the over-assessment. We adjust comparables for size, age, and location before we say a word about your property — and we never name owners.

The comparable basis

The 8 comparable sales behind the number

Each comparable is adjusted toward this property for size and age, then we take the median. Owners are never named — only the public sale figures matter.

Comparable sale $/SFAdjusted $/SFSizeBuilt
$182$1831,781 SF1976
$227$2241,323 SF1979
$253$2561,584 SF1980
$262$2561,623 SF1973
$253$2611,978 SF1980
$276$2721,699 SF1974
$293$2871,363 SF1976
$388$3992,062 SF1978

Why this is the lever

Fla. Stat. s.193.011(8)

Under s.193.011(8), Just Value must be net of the usual and reasonable costs of sale (customarily ~15%). Where an assessment meets or exceeds the gross price comparable properties actually sold for, it cannot reflect net-of-cost just value, and the Value Adjustment Board can reduce it.

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